Volkswagen AG (VOWG_p.DE)
17 Nov 2017
WOLFSBURG/HAMBURG Volkswagen approved a 34 billion euro ($40 bln) spending plan on Friday that accelerates its efforts to become a global leader in electric cars. | Video
* Thrift, rising auto sales help trim investment quota -VW (Adds comments from works council chief and analyst, details on investment, background)
* VW's Czech unit Skoda Auto says to produce all-electric vehicles at Mlada Boleslav facility from 2020
* Works council chief says high investments needed to underpin electric-car push
The U.S. National Highway Traffic Safety Administration said Friday it is opening an investigation into potential air bag failure in 415,000 Volkswagen vehicles after the German automaker issued a recall for the same issue in 2015.
WOLFSBURG, Germany, Nov 17 Volkswagen will spend more than 34 billion euros ($40 billion) on electric cars, autonomous driving and new mobility services by the end of 2022, the group said on Friday.
Nov 17 The U.S. National Highway Traffic Safety Administration said Friday it is opening an investigation into potential air bag failure in 415,000 Volkswagen vehicles after the German automaker issued a recall for the same issue in 2015.
FRANKFURT Volkswagen's supervisory board is discussing a five-year spending plan totaling more than 70 billion euros ($82.5 billion) to transform the group into a leader in electric cars, a person familiar with the talks told Reuters.
* VW has said to invest 20 bln eur in electric vehicles by 2030 (Adds details, background)
FRANKFURT, Nov 17 The following are some of the factors that may move German stocks on Friday: